Zacks Research Increases Earnings Estimates for AXIS Capital

AXIS Capital Holdings Limited (NYSE:AXS) – Investment analysts at Zacks Research increased their Q1 2027 EPS estimates for shares of AXIS Capital in a research report issued on Monday, April 14th. Zacks Research analyst T. De now anticipates that the insurance provider will earn $3.66 per share for the quarter, up from their prior estimate of $3.63. The consensus estimate for AXIS Capital’s current full-year earnings is $11.19 per share.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company raised their price objective on shares of AXIS Capital from $97.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. UBS Group raised their price target on shares of AXIS Capital from $105.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price target on shares of AXIS Capital from $120.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. JMP Securities reissued a “market perform” rating on shares of AXIS Capital in a research note on Monday, February 3rd. Finally, StockNews.com upgraded AXIS Capital from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.75.

AXIS Capital Stock Up 0.7 %

Shares of NYSE AXS opened at $95.23 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.49 billion, a P/E ratio of 7.71, a P/E/G ratio of 3.96 and a beta of 0.67. AXIS Capital has a 52 week low of $60.45 and a 52 week high of $101.42. The business has a 50-day simple moving average of $94.05 and a two-hundred day simple moving average of $89.32.

AXIS Capital (NYSE:AXS) last posted its earnings results on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%.

Institutional Trading of AXIS Capital

Several institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AXIS Capital by 36.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,666 shares of the insurance provider’s stock valued at $3,776,000 after acquiring an additional 10,008 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new stake in AXIS Capital in the first quarter valued at approximately $326,000. SG Americas Securities LLC purchased a new stake in shares of AXIS Capital during the first quarter valued at approximately $330,000. Ibex Wealth Advisors bought a new position in shares of AXIS Capital in the first quarter worth approximately $4,115,000. Finally, GAMMA Investing LLC increased its stake in shares of AXIS Capital by 14.9% in the first quarter. GAMMA Investing LLC now owns 1,853 shares of the insurance provider’s stock worth $186,000 after buying an additional 240 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $93.50, for a total transaction of $199,999,959.50. Following the transaction, the director now owns 2,404,133 shares of the company’s stock, valued at approximately $224,786,435.50. This trade represents a 47.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

AXIS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. AXIS Capital’s dividend payout ratio is 14.25%.

AXIS Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.